On February 8, 2021, the Board of Directors of Partners Bancorp (the ‘Company’) appointed Michael W. Clarke to serve as a member of the Board of Directors of the Company, effective February 8, 2021. Mr. Clarke is not currently expected to be appointed to serve on any committee of the Board of Directors of the Company. Mr. Clarke, brings over 35 years of experience in the skilled front-line delivery of banking products, credit risk management, corporate finance, capital management and management of banking operations at all levels. Currently, Mr. Clarke manages a variety of investments in small to mid-sized businesses and serves on a variety of corporate and civic boards. Mr. Clarke is a senior portfolio advisor at FJ Capital Management assisting in the evaluation and management of investments in the U.S. financial services industry.